African Bank vs Capitec

Interest rates compared

Last updated 2nd October 2026 by Walter

Introduction

This fixed deposit comparison page compares African Bank interest rates to Capitec interest rates. All the interest rates shown are sourced from the African Bank and Capitec websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 2nd October 2026.

How do African Bank fixed deposit interest rates compare to Capitec ?

You are more likely to find better interest rates at African Bank than Capitec. Specifically, 70 out of 100 interest rates are better at African Bank than Capitec. This means you are more likely to find a better interest rate at Capitec 30% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

African Bank
8.47%
best rate
Capitec
8.40%
best rate

The best interest rate you can get at African Bank is 8.47% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 . Whilst at Capitec, the best interest rate you can get is 8.4% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

But how do interest rates at African Bank compare to Capitec across different terms and investment amounts?

6 month fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
6.93%
6.70%
+
12
R100,000 for 18+
7.02%
6.80%
+
113
R250,000 for 18+
7.02%
6.90%
+
154
R1,000,000 for 18+
7.17%
7.15%
+
103
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.17% interest rate at African Bank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.15%. Over 6 months you will earn R103 more in interest at African Bank compared Capitec.

1 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
7.26%
6.85%
+
44
R100,000 for 18+
7.35%
7.15%
+
214
R250,000 for 18+
7.40%
7.25%
+
401
R1,000,000 for 18+
7.49%
7.45%
+
428
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.49% interest rate at African Bank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.45%. Over 12 months you will earn R428 more in interest at African Bank compared Capitec.

2 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
6.93%
6.95%
-
-5
R100,000 for 18+
7.12%
7.50%
-
-874
R250,000 for 18+
7.26%
7.55%
-
-1,670
R1,000,000 for 18+
7.40%
7.65%
-
-5,773
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.4% interest rate at African Bank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.65%. Over 2 years you will earn R5,773 less in interest at African Bank compared Capitec.

3 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
7.02%
7.00%
+
7
R100,000 for 18+
7.26%
7.60%
-
-1,266
R250,000 for 18+
7.49%
7.65%
-
-1,495
R1,000,000 for 18+
7.73%
7.70%
+
1,126
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.73% interest rate at African Bank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.70%. Over 3 years you will earn R1,126 more in interest at African Bank compared Capitec.

5 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
8.05%
7.50%
+
403
R100,000 for 18+
8.43%
8.00%
+
3,216
R250,000 for 18+
8.45%
8.35%
+
1,886
R1,000,000 for 18+
8.47%
8.40%
+
5,291
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 8.47% interest rate at African Bank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 8.40%. Over 5 years you will earn R5,291 more in interest at African Bank compared Capitec.

How do African Bank interest rates compare to other banks?